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Ind. Code § 32-25-2-5

"Common expenses"

As added by P.L.2-2002, SEC.10

Sec. 5. "Common expenses" means:

(1) all sums lawfully assessed against the co-owners by the association of co-owners;

(2) expenses of:

(A) administration;

(B) maintenance;

(C) repair; or

(D) replacement;

of the common areas and facilities;

(3) expenses agreed upon as common expenses by the association of co-owners; and

(4) expenses declared common expenses by:

(A) this article;

(B) the declaration; or

(C) the bylaws.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.